๐ ๐ ๐๐ฆ๐ง๐๐ฅ๐๐ก๐ ๐๐ก๐ง๐ฅ๐ฌ ๐๐ก๐ ๐๐ซ๐๐ง ๐ฃ๐ข๐๐ก๐ง๐ฆ:
The Key to Winning Trades
One of the most critical skills a trader must develop is knowing when to enter and exit a trade. It's not just about spotting trendsโtiming is everything. Perfect entries and exits can be the difference between profit and loss, especially in the fast-paced crypto market.
Entry points are moments where conditions suggest a strong chance of upward momentum. Traders often enter after a confirmation candle appears above support or trend lines, using indicators like RSI or MACD to validate strength. A good rule? Donโt rush. Wait for confirmationโavoid emotional buys or FOMO.
Exit points are where you lock in profits or cut losses. A proper exit is based on pre-set goals (like +5% profit or -2% stop-loss). Donโt let greed or hope take over. Always stick to your strategy.
Scalpers and day traders may exit within minutes, while swing traders might hold for days. Long-term investors, meanwhile, exit based on fundamental changes or hitting long-term targets.
Bottom line: Plan your exit before your entry. Discipline beats emotion in trading. Use tools, test strategies, and always have a clear exit strategyโprofit loves preparation!